Nigeria’s Vice President Kashim Shettima has emphasised the crucial role of the capital market in achieving the government’s target of a trillion-dollar economy.
Speaking at a meeting with the Association of Capital Market Academics of Nigeria (ACMAN) in Abuja, Mr Shettima said: “The capital market has a very prominent role to play in pushing us to the one trillion-dollar economy.”
He stressed the importance of expertise in driving economic growth, saying: “We are now in a knowledge-driven age; without the skill set, we cannot make much progress.”
The vice president praised the efforts of capital market experts and highlighted the significance of their contributions to ongoing economic interventions.
“We have the skill set, the people, but what matters is the leadership that will push us to cross the Rubicon,” Mr Shettima said. “We need your association to work with us to come up with robust solutions to our nation’s needs.”
He also underlined Nigeria’s continental responsibility, stating: “Wherever Nigeria goes, that’s where Africa will go. So, we have that moral burden to make this continent work.”
ACMAN President, Professor Uche Uwaleke, said the association was at the Presidential Villa to support the Tinubu administration’s fiscal policy reforms.
The group, comprising professors and senior academics specialising in financial market research, has taken steps to strengthen links between academia and industry.
“Today, the association welcomes captains of industry to strengthen the bond between the town and the gown,” Prof Uwaleke explained.
In recognition of Mr Shettima’s role as chairman of the National Economic Council, ACMAN conferred its highest membership status on the vice president.
Prof Uwaleke said: “We look forward to your inaugural lecture, a very important condition for the award.”
